RE: Update on Simplicity: Cutting Complexity with Steem 0.17.0
Price is up 25% as a result and minnow/dolphins have more influence.
That's childish. There's no causality between the bullish trend and the experiment, on the contrary. If you look at the timing you'll see the bull trend started way earlier and when the flagging came to the peak, it stopped both in velocity and volume and now it's static. I see a bearish trend forming, based on what happened.
The "experiment", which I supported in the beginning (wish I had waited more) was just a pathetic attempt at taking over the reward pool. There's no methodology, no metrics, no public announcement about how the experiment will be measured, no consensus among the whales, just 2 lines written by @abit, and those 2 lines of text are taking down an entire community of more than 10,000 people. The sloppiness emerging from those 5 edits in @abit's post (in which he downvotes pretty much everybody on Steemit) is unbelievable. Please be aware that this is not an ad hominem approach towards abit, I'm neutral on the person, but the actions of the person, in this case, were deeply toxic.
I think it's time for all to take responsibility for what we are doing and yes, I'm talking about this so called experiment, which was, at its best, a childish and egotistic manifestation of irresponsible people, and, at its worst (which I start to believe it's closer to the truth) a collusive attempt to game the system even more, for the benefit of the few.
Smooth has adjusted his votes accordingly and saying there's no methodology is not correct, not only is there the methodology of downvoting where bots/whales have upvoted therefore the rule is evident but its neither sloppy in that regard nor outside consensus, because it's also evident that it wasn't a singular effort and for consensus to happen for such an experiment is unfathomable in the real world, so the consensus happened between those that took part.
How did they game the system if they used the voting power to effectively negate any gain? The experiment allowed me with meager 300SP to influence posts not worth even $2 by one cent and post worth $17 by 10 cents, therefore it's a success in that regard.